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    Compound Annuity - Streams of Payments

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    (Compound annuity) What is the accumulated sum of each of the following streams of payments?

    a. $500 a year for 10 years compounded annually at 5 percent
    b. $100 a year for 5 years compounded annually at 10 percent
    c. $35 a year for 7 years compounded annually at 7 percent
    d. $25 a year for 3 years compounded annually at 2 percent.

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    Solution Summary

    The solution examines the accumulated sum of each of the streams of payments.